General Advisory Services

PFA provides general advisory services for its clients on an hourly basis or a transactional basis. There is much more to public finance than just issuing debt for projects. A great deal of planning goes into a client’s preparation for debt issuance and there is a lot of monitoring that must take place after closing. Some of the services we provide to our clients include:

Planning and Strategy

Capital Improvement Plans/Policies – We assist our clients in devising Capital Improvement Plans and Policies in order to ensure that basic services will be able to continue while current and future needs are being met with conservative fiscal planning.

Debt Planning & Policies – it is important for public borrowers to have sufficient policies in place regarding the issuance of debt in order to ensure consistency throughout varying administrations and years. Those policies need to be reviewed and revised often in order to keep up with the changing market.

Managing and Performance

Credit Rating Strategy and Enhancement – one of the most important factors in any debt issuance is the credit rating and enhancement. We work closely with our clients and the Rating Agencies long before a sale is finalized to strategize about the best way for clients to improve their credit ratings in the municipal market place. We have been highly successful in obtaining ratings upgrades for several of our clients which results in lower costs of borrowing and savings to the public. We also work with Bond Insurers when needed and provide analysis of insured versus non-insured pricing in order to maximize the efficiency of any borrowing.

Continuing Disclosure Compliance Services – We provide Continuing Disclosure Compliance Services for those clients who request it. This includes filing required annual data as well as material events notices per SEC Rule 15(c)2-12 as well as informing clients of proposed and new changes in disclosure requirements.

Debt Management – We monitor our clients existing debt regularly in order to quickly identify refunding opportunities as they arise which can provide significant savings as well as allow for additional borrowings if needed.